In Letter to Data-Storage Company’s Board, Hedge Fund Argues Current Structure Doesn’t Work

Hedge-fund manager Elliott Management Corp. said it sent a letter to the board of EMC Corp. urging the data-storage company to spin off its VMware Inc. unit as well as pursue other merger-and-acquistion opportunities.

In a news release Wednesday afternoon, EMC said the company’s leadership has met with Elliott Management several times over the past few months and “has listened carefully to their ideas, as we do with all our...